Market briefing

South Korea

South Korea ranks 2nd in the Asian Digital Transformation Index behind Singapore, and ahead of nine other countries in the region. South Korea demonstrates clear strengths in all three Index categories. It is head of the table when it comes to human capital development, thanks to a large supply of skilled technology talent trained at home and in the US, although there is a shortfall of talent in specialist digital areas, as is the case elsewhere in the region. In the digital infrastructure category, South Korea trails only Singapore. The only area of relative weakness vis-à-vis other Index leaders is in the industry connectivity category, where the country ranks 4th behind Japan, Singapore and Taiwan.

At 8th place, Thailand ranks in the bottom half of the Asian Digital Transformation Index, behind the region’s more technologically developed countries but ahead of India, the Philippines, and Indonesia.